Multinational tax reform gets under way

Labor pledged to support the OECD's "two pillar" approach against multinational tax avoidance. (Lukas Coch/AAP PHOTOS) (AAP)

The Albanese government has kicked off the multinational tax reforms it promised during the federal election.

Labor pledged to support the OECD's "two pillar" approach to crack down on multinational tax avoidance, which includes a 15 per cent floor rate for corporate tax globally to help eliminate tax havens.